Why are Indians the Top Investors in Dubai Real Estate?

Kishan Thakkar K

The Dubai real estate market has undoubtedly become a hotspot for Indian real estate investors. Rich Indians invested in second homes in Dubai during the two waves of Covid. Their tax laws and provision for immediate residency are primary factors. At last, they portray a lifestyle that is attractive.

“The Dubai real estate market has done well during the pandemic and attracted several Indian investors primarily due to the way the COVID-19 situation was handled by the government there. Investment from both NRIs residing in UAE and HNIs from India totaled to around 6 billion dirhams in the last five months,” Akash Puri, Director International, India Sotheby’s International Realty, told Moneycontrol. “There has been an increase in the number of people looking at the Dubai market in the month of April 2021. Dubai’s property market witnessed more than 4,800 sales transactions throughout April worth $3 billion, which was the highest value in the last four years.”

As a result of the influx of foreign investors over the past five months, Dubai’s real estate market has boomed, with Indians pumping in 6 billion dirhams (Rs 12,100 crore) compared to 2.9 billion dirhams by UK investors and 1.4 billion dirhams by Chinese investors, Mahmoud AlBurai, senior advisor to the Dubai government, tweeted a few days ago.

Luxury apartments, villas, and even hotel rooms can go for as much as Rs 2 crore to as much as Rs 20 crore – these sandcastles are certainly not cheap.

A few of the reasons are listed below

1. For international investors and top talent, there is the Golden Visa Programme.

2. During the pandemic, real estate in Dubai has done well.

3. Every financial year, resident Indians are allowed to send up to $250,000 (Rs 1.85 crore) overseas.

4. Easy terms of payment and a huge rental yield.

On a Final Note

Hopefully, I have provided enough reasons for the Indian investor to consider investing in Dubai real estate. Diversifying the investment portfolio is always a good idea, and real estate is and will always be a safe investment. It appears that Dubai real estate has been on a positive trajectory in the past few years.

If you have questions regarding the real estate investment in India or outside of India, you can always email us at info@roodland.com.

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